Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.021%

Price spread now: OKX against KuCoin−0.161%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$680.680% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.147%+$15 on $10k

Price spread, last 7 days+0.124%+$12 · spread now −0.161%, 7d avg +0.007%

Together, before fees+0.271%+$27 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.168% cheaper against KuCoin than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WIFUSDTM	0.2491	0.0100	pay 0.0050% / 4h	1h 10m	$4.7M	$13.6M	75x
Short	OKX WIF-USDT-SWAP	0.2487	0.0100	get 0.0050% / 4h	1h 10m	$5.9M	$35.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee OKXbpOrdersPrice spread, now −0.161%Rate

Funding earned: $0
Price spread: −0.161% → +0.007%: −$16.79
Slippage, 4 orders: −$45.99
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$84.78
Costs to cover: 0.680%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; OKX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 8 min ago	4.01 bp	19.6 bp −$20	63.2 bp −$632	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.00 bp	13.8 bp −$14	32.9 bp −$329	doesn't fit	doesn't fit

WIF on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin WIF-USDT	−0.0187%	4h	0.2492	+0.040%	$784K	$834K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2494	+0.100%	$19K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2488	−0.120%	$47K	$258K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2487	−0.147%	$804	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.843%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2497	+0.221%	$140K	$628K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2494	+0.120%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2494	+0.133%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2495	+0.149%	$77K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2489	−0.099%	$19.1M	$115.1M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2486	−0.201%	$17.1M	$38.6M	50x	as long as short
OKX WIF-USDT-SWAPshort	+0.0100%	4h	0.2487	−0.161%	$5.9M	$35.2M	50x
Gate WIF_USDT	+0.0100%	4h	0.2488	−0.120%	$1.2M	$7.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2489	−0.080%	$22.3M	$11.1M	50x	as long as short
KuCoin WIFUSDTMlong	+0.0100%	4h	0.2491	long leg	$4.7M	$13.6M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2486	−0.201%	$7.5M	$12.9M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2487	−0.161%	—	$65.9M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2496	+0.189%	$85K	$272K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2489	−0.080%	$76K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2490	−0.048%	$277K	$2.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2496	+0.201%	$43K	$625K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2488	−0.120%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2484	−0.281%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2488	−0.116%	$571	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2498	+0.281%	$167K	$694K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2487	−0.177%	$9K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2487	−0.172%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0137%	1h	0.2489	−0.085%	$652K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0148% / S −0.0022%	1h	0.2487	−0.160%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2492	+0.040%	$334K	$2.7M	50x	as long as short
Hyperliquid WIF	+0.0329%	1h	0.2495	+0.149%	$8.1M	$4.8M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2488	−0.130%	$0	—	15x	as long as short